Home > Boards > US OTC > Mining/Resources > Moneta Porcupine Mines Inc (TSX:ME)

Moneta holds a 100% interest in 5 core

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
NYBob Member Profile
Member Level 
Followed By 828
Posts 71,848
Boards Moderated 73
Alias Born 11/22/03
160x600 placeholder
Moneta Commences Drill Program at Golden Highway PR Newswire (Canada) - 10/31/2019 8:00:00 AM
Moneta Announces Closing of Strategic Investment by Eric Sprott PR Newswire (Canada) - 9/20/2019 8:00:00 AM
Moneta announces increase in Eric Sprott stake to 9.0% PR Newswire (Canada) - 9/10/2019 8:00:00 AM
Moneta extends mineralization at Windjammer South and "55" with up to 1.90 m @ 8.44 g/t gold including 1.05 m @ 14.10 g/t gol... PR Newswire (Canada) - 8/8/2019 8:00:00 AM
Moneta Signs Exploration Agreement with First Nations PR Newswire (Canada) - 8/7/2019 8:15:00 AM
Moneta extends mineralization 600 m West of South West at West Block with 1.05 m @ 18.25 g/t gold PR Newswire (Canada) - 8/1/2019 8:15:00 AM
Moneta Announces Appointment to the Board of Directors PR Newswire (Canada) - 7/31/2019 8:10:00 AM
Moneta Continues to Expand Mineralization at South West Intersecting 2.55 m @ 9.30 g/t Gold and 1.00 m @ 13.65 g/t Gold PR Newswire (Canada) - 7/24/2019 8:00:00 AM
Moneta Announces Closing of Financing PR Newswire (Canada) - 7/12/2019 2:00:00 PM
Moneta Intercepts 1.75 m @ 9.07 g/t Gold and 1.65 m @ 7.95 g/t Gold From Extensions at South West Deposit PR Newswire (Canada) - 6/26/2019 8:45:00 AM
Moneta Reports Voting Results from Annual Meeting PR Newswire (Canada) - 6/17/2019 3:00:00 PM
Moneta Intercepts 2.85 M @ 6.78 G/T Gold from Extensions and 2.00 M @ 6.80 G/T Gold from a New Vein at South West Deposit PR Newswire (Canada) - 6/5/2019 8:17:00 AM
Moneta Extends Mineralization by 500 Metres With 3.00 M @ 19.93 G/T Gold Including 1.00 m @ 27.50 g/t Gold at West Block PR Newswire (Canada) - 5/29/2019 8:30:00 AM
Moneta Intercepts 2.00 m @ 7.21 g/t Gold, 1.90 m @ 6.33 g/t Gold and 0.57 m @ 15.70 g/t Gold on Extensions of South West Depo... PR Newswire (Canada) - 5/9/2019 8:45:00 AM
Moneta Files NI 43-101 Technical Report on New Resource Estimate for the Golden Highway Project, Ontario PR Newswire (Canada) - 3/1/2019 8:59:00 AM
Moneta commences winter drill program at Golden Highway, Ontario PR Newswire (Canada) - 2/27/2019 8:08:00 AM
Moneta defines new resource at its Golden Highway Project: 383,400 oz of gold at 4.61 g/t of indicated and 873,200 oz of gold... PR Newswire (Canada) - 1/17/2019 8:05:00 AM
Moneta Announces Closing of Financing PR Newswire (Canada) - 12/24/2018 1:18:00 PM
Moneta identifies multiple new mineralized zones on the Golden Highway Project PR Newswire (Canada) - 12/5/2018 8:30:00 AM
Moneta completes geological modelling of deposits on the Golden Highway Project and commences resource update PR Newswire (Canada) - 11/29/2018 8:38:00 AM
NYBob Member Level  Sunday, 10/13/19 01:40:49 PM
Re: Rocketred post# 379
Post # of 383 
Moneta holds a 100% interest in 5 core gold projects and a 50% JV with
Kirkland Lake Gold strategically located on or along
the Destor Porcupine Fault Zone corridor (“Destor”), one of the key
mineralized structures in the Abitibi Greenstone belt in Ontario, with
excellent infrastructure including access roads, water, electricity,
and mills.

Most gold mineralization in the region is associated with the Destor,
including significant resources and producing mines now operated by
Porcupine Gold Mines (Goldcorp) and several others such as Tahoe
Resources, McEwen Mining, and Kirkland Lake Gold.

The Golden Highway Camp has experienced rapid advancement of gold
resources by Moneta and others including Osisko Mining reflecting the
strong regional gold potential.

Moneta has interests in 1,046 claim units each approximately 16 hectares
in area (total area approximately 16,800 hectares) in the form of
mining patents, leases and staked claims.
Most of the Company’s landholdings are not subject to any royalty or
encumbrances other than minor royalties to third parties on a limited
number of claims primarily outside the Golden Highway Project.

The Porcupine Camp and Golden Highway Camp (here collectively referred
to as “Timmins Camp“) is one of the most prolific gold-producing areas
in the world with over 75 million ounces of gold produced to date,
including that from some 26 mines, each of which generated more than
100,000 ounces.

Moneta’s land position for gold exploration is one of the largest in the
Timmins Camp including a commanding position in the emerging
Golden Highway Camp as well as an established position
in the Porcupine Camp.
The Golden Highway Project is a largely contiguous land package of
689 claim units or approximately 11,000 hectares, and contains a
significant gold NI 43-101 Resource Estimate (Jan 2019)
containing 383,400 oz indicated (2.6Mt @ 4.61 g/t)
plus 873,200 oz inferred (6.5Mt @ 4.21 g/t).

Click to enlarge

Moneta’s recent primary gold exploration and resource development focus has been the Golden Highway Project centred in Michaud Township 100 km east of Timmins, Ontario along Highway 101, a major all-season route. The Golden Highway Project captures 12 kms of the Destor Porcupine Fault Zone Corridor, one of the most prolific Archean gold-bearing structures in the world. The project currently hosts a NI 43-101 resource, spanning only 4 km of the corridor and found primarily within sedimentary host rocks along a southern splay of the Destor. Resource growth potential exists along the remaining 8 km of largely untested strike length along the Destor in contact with ultramafic units, where limited historical drilling has already confirmed gold mineralization. The main unconformity which occurs as the mafic volcanic-sediment contact also remains largely untested. Moneta also has a 50% stake in the Garrison JV with Kirkland Lake Gold in the Golden Highway Camp.

Moneta continues to maintain a large land holding in Porcupine Gold Camp which includes the gold properties of North Tisdale, Nighthawk Lake, Kayorum, DeSantis and Denton. Additional properties with strategic value are historical base metal projects and include Loveland Nickel (Ni), Kamiskotia (Cu/Zn), and Fripp (Cu).

My opinions are my own and and DD I post should be confirmed as unbiased
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist